Well I am about out of time for a post once again! Monday's can be rough. At least the Celtics won game 2 of the NBA finals but of course I got sucked into watching the whole thing late last night. Not fun at 5am this morning.
You Are in Good Hands
I don't have much to offer for tonight. I think the market weakness was not good considering what I discussed Friday and Sunday. I think the US bond auctions finish up this week so I would expect a rally after that. Liquidity needs to find a home, yes?
I did notice that the volume on the late day sell off was really low, this is the inverse of the usual pattern. What delicious irony it would be if program trading pumped up a fake market and then walks it back down again. Unreal.
You are in good hands if you use the blogroll on the left. Plenty of great stuff. Some items in particular:
-Tim Iacono reviews the three part series on Gold by the WSJ's Brett Arends. Mr. Arends comes to the conclusion that gold maybe, could be a bubble and offers an idea on options to "play" the gold market. More paper games?
-John Hussman wonders if markets are nervous about the next US Mortgage meltdown:
Markets Aren't Worried About Greece Or Hungary, But Rather The Next US Mortgage Crisis
We should know real soon!
-The Automatic Earth has been very sharp as of late, so stop on in. The site is expecting to revamp and expand their work around the beginning of July, so if you appreciate the site like I do why not throw a few bucks in their donation bin to help out?
-The Housing Time Bomb reviews 2 scenarios for the bond markets going forward. Worth the thought experiment.
-The Evil Speculator has a great post that is very technical in nature. Complete with hilarious video, you should be aware of the TRIN index. The author points out quite a few things that agree with my nervous stance.
Have a good night.
An oldie from March 2009:
ReplyDeletehttp://tinyurl.com/232ojf3
unless he changed his handle, where the heck is Kevin?????
ReplyDeleteCalling kevin...
I might have to get me one of those generators you got, GYC. Yesterday, as I was preparing to leave to pick up and put up signs/lockboxes, it started to rain. So I said to myself, "Myself, stay home and do some webwork." Then it started to rain really hard. Violent thunder, bolts of lightning, threats of hail, bursts of wind, then KABOOM!
ReplyDeletePower outage city wide.
Wonderful. Can't go anywhere, can't do anything, can't get any work done. Basically I sat in the dark all afternoon. It totally sucked.
Anyway, I've begun my research on the disaster house and will send you an update later.
All Right! Get the Dow 10,000 hats ready again.
ReplyDeleteI had to drop off the wifes car for brake work and so I am way too late getting back for a post. What were you all looking at today?
ReplyDelete"What were you all looking at today?"
ReplyDeleteI was reading this article by a gold bug today and ran across this:
"...Orville and Wilbur Wrights first powered flight in all the history of man.
In 1903 they did. And 66 years later mankind was landing on the moon. Something sound weird about all this? 1900 is when real technological advances really took off to the stratosphere."
The New Great Game
by David N. Vaughn
http://tinyurl.com/2abubpb
And I got to thinking, "man went along for thousands of years basically with the same tech and then suddenly we send someone to the moon, what the hell happened in the last 100 years or so to cause this?"
I'm still wondering.
Great question!
ReplyDeleteReally I think the twin areas of rocket flight (the V-2 was a pioneer) and the Manhattan project really opened up science. I think it was as simple as scientists stopped thinking small and stopped thinking things were impossible. All the math was there for a moon trip, but no one thought it "possible" even though it was. Just my 2 cents but cool link.
I've been looking at county clerk records and MLS all day.
ReplyDeleteYou would be surprised at what us realtors can find out. I'm as close to a lawyer as you can get, without going to law school. The only thing a lawyer can do that I cannot is write a contract (I can only fill one out) and represent someone else in court (I can only represent myself). That's it.
But as far as research capability goes, I'm there. County clerk records, appraisal district records, tax records, subdivision maps, I can find out just about anything about anyone. Seriously. If it's on file at the courthouse, I have access to it.
Used to be I could even find social security numbers, but they changed the law a few years ago and deleted all that information. Too much identity theft, you know. Damn. Now I'm slightly less than all powerful.
My research on the disaster house has given me a headache. The history is bizarre, and there are no comps.
I'll send you an email explaining what I've discovered, GYC, maybe tomorrow. Or the next day, I have a lot of water deposits to make and signs to put up/pick up, in several cities. It never ends, the work.
As a former teacher/professor who used to read poetry to children, help them learn to read and write, then travel on my summer vacations--it was a romantic existence, yes, I know--when I first got into this business I thought that most realtors were just stupid. Now I've come to understand they were driven insane by real estate.
Is it any wonder why I'm an alcoholic? No. But drunk and sane beats the hell out of sober and insane.
This is what I'm talking about. What I wouldn't give for a paid summer vacation about now. Some time off, an escape from the madness.
Instead, I'll just take another shot, so I can keep on going on.
You guys, you have no idea. Working for my mother is slavery! She does not stop. And she will not stop. It's one property after another--notes, pictures, research, price opinion--one water deposit after another, put up these signs, pick up these signs.
She once told me, "The secret to selling real estate is signs on the ground."
I said, "Okay, I need some signs."
"We don't have any."
This is what I'm talking about. We have so much work to do that we don't know what we're doing!
Foreclosures everywhere, it's overwhelming.
The only thing I can do is take a shot, after a stiff pot of coffee, and hope for the best.
The rest is just work.
Hey gawains,
ReplyDeleteDo not despair! Busy is better than no work. No hurry on the info, get to when you can. I hope you can take a vacation, maybe check out the Cowboys traning camp in the summer?
The chairman of the Federal Reserve, Ben S. Bernanke, warned on Wednesday that “the federal budget appears to be on an unsustainable path,
ReplyDeleteInvestors respond "F that noise. We want to party!"